Leeward Investments LLC MA Buys New Position in Ralph Lauren Corporation $RL

Leeward Investments LLC MA purchased a new position in shares of Ralph Lauren Corporation (NYSE:RLFree Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 21,331 shares of the textile maker’s stock, valued at approximately $7,337,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Krilogy Financial LLC boosted its holdings in Ralph Lauren by 41.0% during the 1st quarter. Krilogy Financial LLC now owns 6,657 shares of the textile maker’s stock worth $2,461,000 after acquiring an additional 1,935 shares during the last quarter. Andina Capital Management LLC purchased a new stake in shares of Ralph Lauren in the first quarter valued at about $367,000. Signal Advisors Wealth LLC lifted its position in shares of Ralph Lauren by 589.2% during the first quarter. Signal Advisors Wealth LLC now owns 4,459 shares of the textile maker’s stock valued at $1,534,000 after purchasing an additional 3,812 shares in the last quarter. SG Americas Securities LLC lifted its position in shares of Ralph Lauren by 6.5% during the first quarter. SG Americas Securities LLC now owns 155,399 shares of the textile maker’s stock valued at $53,456,000 after purchasing an additional 9,435 shares in the last quarter. Finally, BI Asset Management Fondsmaeglerselskab A S boosted its holdings in Ralph Lauren by 5.4% during the first quarter. BI Asset Management Fondsmaeglerselskab A S now owns 19,500 shares of the textile maker’s stock worth $6,708,000 after purchasing an additional 993 shares during the last quarter. 67.91% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have issued reports on RL. Wall Street Zen downgraded shares of Ralph Lauren from a “buy” rating to a “hold” rating in a research report on Saturday, June 20th. Weiss Ratings downgraded Ralph Lauren from a “buy (b+)” rating to a “buy (b)” rating in a research note on Friday, May 15th. Needham & Company LLC reaffirmed a “buy” rating and issued a $400.00 target price on shares of Ralph Lauren in a report on Thursday, May 21st. Telsey Advisory Group increased their price target on Ralph Lauren from $435.00 to $460.00 and gave the company an “outperform” rating in a research report on Tuesday. Finally, Bank of America lifted their price target on Ralph Lauren from $400.00 to $450.00 and gave the stock a “buy” rating in a report on Thursday, April 16th. Fifteen analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $430.07.

Read Our Latest Stock Analysis on RL

Ralph Lauren Stock Performance

Shares of RL opened at $413.95 on Thursday. The firm has a market cap of $24.64 billion, a PE ratio of 27.40, a PEG ratio of 2.02 and a beta of 1.35. The stock’s fifty day moving average price is $372.27 and its two-hundred day moving average price is $363.05. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.13 and a quick ratio of 1.57. Ralph Lauren Corporation has a 1 year low of $266.20 and a 1 year high of $421.60.

Ralph Lauren (NYSE:RLGet Free Report) last issued its quarterly earnings results on Thursday, May 21st. The textile maker reported $2.80 EPS for the quarter, beating analysts’ consensus estimates of $2.52 by $0.28. Ralph Lauren had a return on equity of 38.17% and a net margin of 11.60%.The firm had revenue of $1.98 billion for the quarter, compared to analysts’ expectations of $1.85 billion. During the same quarter in the prior year, the firm earned $2.27 EPS. The business’s revenue for the quarter was up 16.6% compared to the same quarter last year. On average, equities research analysts forecast that Ralph Lauren Corporation will post 18.33 EPS for the current year.

Ralph Lauren Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 10th. Shareholders of record on Friday, June 26th will be issued a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a yield of 1.0%. This is a boost from Ralph Lauren’s previous quarterly dividend of $0.91. The ex-dividend date of this dividend is Friday, June 26th. Ralph Lauren’s payout ratio is currently 24.16%.

About Ralph Lauren

(Free Report)

Ralph Lauren Corporation (NYSE: RL) is a global designer, marketer and distributor of premium lifestyle products under the Ralph Lauren name and a portfolio of related brands. The company, founded by Ralph Lauren in 1967 and headquartered in New York City, has grown from a single line of men’s neckties into a global lifestyle business that spans apparel, accessories and home goods.

Ralph Lauren’s product assortment includes menswear, womenswear and childrenswear along with footwear, leather goods, eyewear, fragrances and home furnishings.

Further Reading

Institutional Ownership by Quarter for Ralph Lauren (NYSE:RL)

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